PS4 more powerful than Xbox One?

According to the specs released by Microsoft, it appears the Xbox one is less powerful than Sony's recently announced PlayStation 4.
The specs which include 8 gigs of ram appears to be outdated compared to the PS4. The Xbox One is using GDDR3 8 GB RAM while the PS4 is using the much faster GDD5 8 GB Ram.

Do you think the PS4 will perform better than the new Xbox? Only time will tell.